MakeMyTrip's shares jumped over 90 per cent, hours after its listing on American stock exchange, NASDAQ on August 12, 2010. The online travel company had raised $70 million at an Initial Public Offering (IPO) of 5 million shares to US investors. At an offer price of $14 per share, the company was valued at close to $480 million, prior to the listing. But after the surge in stock price, the valuation has jumped to around $800 million with shares closing at $26.45 on NASDAQ.

“It is fair to say it's been a fairytale listing for us now,” Deep Kalra, CEO of MakeMyTrip, who rang the NASDAQ opening bell on Thursday to begin trading at the exchange, said. “We are very excited. I don't think anyone anticipated this.” Kalra, who founded MMT in 2000 as a travel portal for NRIs living in US and later shifted the company’s focus in 2005 to travellers in India, added, “I think that investors are looking for emerging markets where they can actually see large growth.”